India is likely to become a $40 trillion economy by 2047 -- a 13-fold jump from its current size -- driven primarily by a clean energy revolution and digitalisation, billionaire Mukesh Ambani said on Tuesday. Ambani's estimate for the Indian economy, currently the fifth largest in the world behind only the US, China, Japan and Germany, is more optimistic than Asia's richest man Gautam Adani, who last week stated that India will become a $30 trillion economy by 2050 on back of rising consumption and socio-economic reforms. "From a 3 trillion-dollar economy, India will grow to become a 40 trillion-dollar economy by 2047, ranking among the top three economies of the world," Ambani said at the 10th convocation of Pandit Deendayal Energy University in Gandhinagar.
The electoral contest would take place between Kharge and Shashi Tharoor, and voting will take place on October 17 in every state capital through secret ballot.
In March this year, Worldline India launched Vabox (Voice Alert Box): merchants will now get instant audio alerts on the settlement of UPI (Unified Payments Interface) payments via QR codes in languages of their choice when customers check out. "They needn't worry whether the amount has been credited to their account," says Gulshan Pruthi, the firm's executive vice-president. The French payments giant will roll out 500,000 Vaboxes in the initial phase.
Aided by the $57.8-billion merger of HDFC Bank and HDFC, India Inc reported its highest ever mergers and acquisitions in calendar 2022 at $171 billion as against deals worth $145 billion announced last year. The acquisition by the Adani group across cement, media and ports dominated the headlines with the conglomerate making its foray into the cement sector by buying Swiss materials firm Holcim's stake in Ambuja Cements for $6.5 billion. The Adani family's additional $4-billion open offer for Ambuja did not get a response because shareholders preferred to stay invested with the new owner.
The recent run on the US-based Silicon Valley Bank (SVB) and the subsequent seizure of its assets by the regulators may have sparked a global wave of risk aversion, particularly for start-ups. However, the Indian banking sector is unlikely to be a victim of any contagion effects, said analysts. he bank, which played a big role in financing start-ups and technology players, faced stress after incurring huge losses on its holdings of US bonds, following the most-aggressive monetary tightening cycle by the Federal Reserve in around four decades.
Historically, India has never been expansionist in its outlook and her approach has always been of peaceful coexistence and one designed to deter the forces of terror and disruption.
India will have 30 per cent of its two-wheeler industry turning electric by 2030 as new manufacturers lead the shift, said a report on Monday. Passenger vehicles will be 15 per cent electric and the three-wheeler segment 75 per cent electric by 2030, said the report by BNP Paribas called 'India Autos-Electric vehicles: Minutes to midnight'. "We see FY22 as the year of inflection for the two-wheeler EV industry, with an accelerated EV adoption helped by incentives, wider availability, model launches, rise in crude prices and improved general awareness. We see 30 per cent of the 2W industry turning electric by 2030; the pace of incentive withdrawal presents an upside/downside risk," the report (India Autos - Electric vehicles: Minutes to midnight) said.
Companies don't have to be in the field to nudge people to return money they owe lenders.
Our focus is not on substance, but communicating how we did not shake hands and how we made angry faces. This is what India's foreign policy has become, notes Aakar Patel.
'Wear your mask, sanitise and continue to follow COVID guidelines.'
Scotland's Scott McTominay grabbed another brace of goals as they stunned a much-changed Spain side to earn a deserved 2-0 victory in their Euro 2024 qualifier.
The incredible Usha Silai project.
A new generation of investors has taken to stock trading on mobile phones with a renewed zeal, driven mainly by social changes after the Covid-19 pandemic breakout. The proportion of the cash market turnover ascribed to mobile phones has jumped from 5.3 per cent in June 2019 to 18.7 per cent in June this year, reveals BSE data. The share of mobile trading on the National Stock Exchange (NSE) for June this year stood at 19.5 per cent.
He said COVID-19 can be a catalyst towards the adoption of digital technologies in health and education and drive change in a way that even venture capital funds have not achieved despite pouring billions in investments.
The Women's World Cup that was staged in England from June 20, 1973, was the first-ever World Cup to staged in cricket.
'The Israeli government is saying, "OK, leave northern Gaza, because we're going to fight Hamas there".' 'But Hamas is not stupid. They are going to put militants in southern Gaza too. And then what's Israel going to do?' 'At some point are they going to say, 'Leave southern Gaza too because we want to fight Hamas there? Go across the border to Egypt"'? 'That's what people are worried about. Because they fear that once they cross the border into Egypt there will be no coming back.'
N Sundaresha Subramanian digs deeper into what Catalyst, an Indo-US project, brings to the payments ecosystem.
41 years ago, Dalits in Meenakshipuram converted to Islam, sending shockwaves through the nation.' A Ganesh Nadar/Rediff.com returns to the village to discover that past antagonisms lurk below the surface.
'By his very presence in Delhi on Republic Day, Obama is revisiting the most defining relationship of the 20th century after a period of stagnation,' says Ambassador T P Sreenivasan.
Delhi, daddy issues, drivers, domestic help, politics, patriarchy, sexuality, sexism, choices, compromises, community, religion, real estate, motherhood, marriage -- Gulmohar offers a loaded, layered understanding of familial relationships and its indirect impact on the people at the periphery, notes Sukanya Verma.
Upskilling would not only improve chances of employability but would also increase the scope of jobs based on skills they have acquired over a period of time, says Akhand Swaroop Pandit, co-founder and CEO, The Catalyst Group.
Announcing his decision on Twitter, Rajinikanth said, "In the ensuing state assembly elections, with the tremendous support of the people, Tamil Nadu will have an honest, upright, transparent, corruption-free, secular spiritual political setup." "A marvel, miracle, it will happen," he wrote in Tamil. "We will change, we will change everything. If not now, then never."
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'I feel eyebrows change the expressions on a face.'
Words and actions like those of R N Ravi and a vocal section of the state BJP have only added to Tamil fears and suspicions, points out N Sathiya Moorthy.
A chemical engineer, Anirudh gave up his high-paying job to work for welfare of farmers in Tamil Nadu.
'People will say a lot of things -- ignore the noise.'
Saving for your future, older self is one of the main reasons why you should invest. Since one day you will either be unwilling or unable to work, investing allows you to have a pool of resources you can draw upon in old age.
He said India is the biggest democracy in the world and "people wonder how this democracy is functioning so successfully". "India is a responsible and most friendly member of the international community under the stewardship of internationally acclaimed visionary Prime Minister Shri Narendra Modi," he said.
Salman Khan of Khan Academy explains how he is pioneering the cause of free online education.
England's dismal Ashes tour of Australia was the catalyst for changes in the side which started with the axing of batsman Kevin Pietersen, Twenty20 captain Stuart Broad said on Friday.
The acquisition will give the Tatas a firm footing on international routes and generate economies of scale.
Modern Love: Mumbai has a mostly good selection of stories, and unlike so many other OTT shows that seem to think profanity and sex depict modernity, this one can be watched with the family without any discomfort, observes Deepa Gahlot.
'Segregation suits the BJP at the moment. It will not suit them forever.'
Since when have elections become rocket science that you need to hire highly-priced specialists?And even if in the age of social media every party needs to present its best face, is Prashant Kishor the only one with such expertise, especially when his record is mixed with more losses than election wins to his credit? asks Virendra Kapoor.
Against a background of supporter discontent over the form of Wenger's team as the Frenchman decides his future, with a protest outside the ground before kick-off urging the manager to leave his post, Arsenal were nervy from the start.
Three teenage girls have made a brief documentary which shows a much more cheerful side of Afghanisthan's capital, Kabul. It has broken the stereotype of bombed out sites and terror attacks the world associates with this war-ravaged country.
Osaka's focus has been on racial injustice over the last few months, the 23-year-old has long been a symbol for change in Japan.
'Under pressure from corporate houses, this government will certainly work faster, but Home Minister Chidambaram will have to ensure that intelligence gathering would form an integral part of the other inter-related operational and investigative functions of the agency.'
